www.CREPR.com go to 300 Tanca
For sale upstairs only with lobby street level entrance for a 30 room hotel development. There is a tourism tax incentive of 40% tax credit on the purchase price with the total rehabilitation, as well as marketing and labor.
(Example with tax credit purchase $5.2M + $4.8M rehab = $10M minus 40% tax credit of $4M net = Net cost of $6M against a property that would be worth at least $14M+
Seller willing to finance and partner up with a qualified contractor
This is a Qualified Opportunity Zone
Email me for drawings and rehab numbers go to:
https://www.crepr.com/for-sale/
Owner: Cherif Medawar
email: [email protected]
cell: 408-858-5748
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